When Stellantis shifted from using ZF nine-speed automatics, it idled the Tipton Transmission Plant which had made them. Now, the Tipton county council have announced that the plant will be used by IRH Manufacturing LLC to make solar panel cells.
The company is investing $500 million into the plant, $175 million of which is going to improving the facility. Retooling and renovations will begin early next year for operations starting at the end of 2026. When in operation, the factory is to have around 700 workers with an average salary of $45 per hour, and a starting salary of $32 per hour.
The Council approved a 60% property tax abatement, for ten years on real property and 20 years on personal property, which will save the company $24 million over the next 20 years. The 781,000 square foot building at 5880 West Indiana 28 went idle in 2023.
Original Kokomo Tribune story, thanks to an intrepid reader
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